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KembaraXtra – Legal Terms – Negative Clearance
Negative clearance was a former procedure under European competition law.
Under this system, the European Commission could confirm that an agreement did not breach the competition rules of the Treaty of Rome.
Businesses previously notified their agreements to the Commission in order to obtain legal certainty that the arrangements were exempt.
The procedure was abolished in 2004 when businesses were given responsibility for assessing their own compliance with competition law.
This reform shifted much of the responsibility for competition assessment from regulators to companies themselves.
Negative clearance was a former procedure under European competition law.
Under this system, the European Commission could confirm that an agreement did not breach the competition rules of the Treaty of Rome.
Businesses previously notified their agreements to the Commission in order to obtain legal certainty that the arrangements were exempt.
The procedure was abolished in 2004 when businesses were given responsibility for assessing their own compliance with competition law.
This reform shifted much of the responsibility for competition assessment from regulators to companies themselves.
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